Lear Corporation (LEA)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,464,500 | 2,600,000 | 2,868,600 | 2,633,300 | 2,293,700 |
| Total stockholders’ equity | US$ in thousands | 4,918,800 | 4,678,800 | 4,643,400 | 4,467,300 | 4,349,700 |
| Debt-to-equity ratio | 0.50 | 0.56 | 0.62 | 0.59 | 0.53 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,464,500K ÷ $4,918,800K
= 0.50
The debt-to-equity ratio of Lear Corp. has been relatively stable over the past five years, ranging between 0.52 and 0.56. This indicates that the company has been maintaining a consistent mix of debt and equity in its capital structure during this period. A ratio of 0.56 as of December 31, 2023, suggests that for every dollar of equity, Lear Corp. has 56 cents of debt. The company's debt levels do not seem to have significantly increased or decreased compared to the previous years, reflecting a balanced approach to financing operations. Overall, the consistent debt-to-equity ratio indicates a steady financial position and a prudent approach towards leveraging for Lear Corp.
Peer comparison
Dec 31, 2023